Management shuffle at Mondelez as an exec retires

Mondelez International Inc. announced management changes today to accommodate a retiring executive.

The Deerfield-based snacks company said Pradeep Pant, 59, is retiring at the end of the year as president of the division that oversees Asia, Pacific, Eastern Europe, Middle East and Africa.

"Pradeep has led the turnaround and dynamic growth of the company's business in Asia Pacific since 2008," Irene Rosenfeld, Mondelez's chairman and chief executive officer, said in a statement. "We sincerely thank Pradeep for his contributions to the business and wish him well in retirement."

He will be replaced by Timothy Cofer, 44, currently head of Mondelez's Europe unit. Mr. Cofer, a member of Crain's 2008 40 Under 40 class, grew the company's European business for 14 consecutive quarters. He was also instrumental in integrating Cadbury after Mondelez predecessor Kraft Foods Inc. bought the chocolate company in 2010. Mr. Cofer will move to Singapore in mid-September to transition into his new role.

Hubert Weber, 51, will become president of Mondelez's Europe operations. He is currently head of the company's coffee operations in Europe.